Dear Reader,

It is my pleasure to introduce you a brief account on the role of the SCA as the regulator and capital market watchdog.

The SCA, within the last few years, has achieved outstanding landmarks on the path of advancement and development. In this respect, it has successfully managed to set up an integrated series of legislations and regulations that positively helped to maintain sound transactions and dealings in the capital market.

In fact, as a result of this constructive legislative infrastructure that enabled the SCA to play effectively its regulatory and overseeing role, it helped, at the same time, to implement consistent and continuous following up of the trading transactions in the capital markets and keeping an eye on the brokerage firms by launching surprise inspection campaigns.

Based on the SCA belief that protecting the public investors would not be attained by the rules and regulatory measures only, but by boosting further knowledgeable and informative methods enabling them better understanding the technique of trading process. Therefore, the SCA does spare no effort to support disclosure and transparency. We have customized the updated learning resourceful investment awareness programs that help satisfy the requirements of the wide spectrum sectors of dealers in the capital market.

In the meantime, the SCA has positively managed to upgrade the market trading volume and capitalization by urging and encouraging the family-owned business to turn into public joint-stock companies. Moreover, laying out the requirements to be followed for going into initial public offering that paved the way to increase the number of the public companies listed in the capital markets.

On the international and regional level, the SCA has climbed unprecedented level by holding several memorandums of understanding with other counterparts, which is considered a value adding to its role on the local and worldwide scale.

We are proud that the ground breaking of the Union of Arab Securities Authority (UASA) has been announced from its permanent base Abu-Dhabi. Meanwhile, the SCA has joined the International Organization for Securities Commissions (IOSCO), the internationally recognized as the specialized organization initiating the mandatory standards to be matched by the regulators in the securities field all over the world.

It is worth mentioning that the “Emirates Securities Market” index successfully managed to gain investors and dealers’ confidence, where it is noticeably on the increasingly averages of browsers of the SCA website as well. It is undoubtedly clear enough that the newspapers and economic media refer to the ESM index that being taken as a referenced benchmark-leading index in the capital market.

In the line with the SCA steadily persistent commitment in responding positively to the potential challenges and variables by taking proactive initiatives, a new precisely updated website has been recently launched. It is a qualitative resilient website keeping pace with the fast moving developments in the SCA work rhythm aiming at meeting the needs of the dealers in the capital market.

Dear Reader,

I seize the opportunity to invite you to visit this website to be personally acquainted with its new and innovative-design- criteria and features mainly set up to serve the different specializations as well as simultaneously responding to the browsers and enquirers.

Abdullah Salem Al-Turifi
The CEO of SCA

He has been appointed as the first Chief Executive Officer (CEO) of the Securities & Commodities Authority (SCA), at the rank of Under-Secretary since 2003. The SCA has witnessed unprecedented achievements on both domestic and international levels; the most prominent ones were the establishment of the Union of the Arab Securities Authorities (UASA) with its headquarter in UAE, and the formation of the first specialized advisory council to comprises international expertise on the level of federal organizations. In addition, SCA has regulated the  first exchange of commodities in the region; Dubai Gold & Commodities Exchange (DGCX), And established a specialized Training Centre for training and building the technical capacity of the brokers and financial analysts aiming at raising their standards of performance.
 
SCA has managed to extend bridges of cooperation and communication with key strategic partners in the leading and advanced capital markets world-wide, And gained the membership of the International Organization of Securities Commissions (IOSCO), as a result,  the capital markets in the UAE have been recognized and listed as emerging capital markets in the FTSE Global Equity Index Series (GIES). Moreover, the UAE capital markets are currently under the Morgan Stanley (MSCI) "Watch List"  for possible elevation to "Emerging Market". 

The number of employees in SCA has grown from 13 employee in 2003 to be 175 employee in 2011. The SCA has developed its organizational work environment, policies and systems to meet the best international institutional practices which enabled SCA in 2010 to be granted the ISO 9001:2008 certificate and to win the Institutional Excellence Award and the performance management award of the Emirates Award for Government Excellence As part of Sheikh Khalifa Government Excellence Programme.

Career Development : 
2000 – Up-to-date   :Member of the board directors of the Emirates Industrial bank
2007 – 2010             :The first Secretary General of the Union of Arab Securities Authorities
1999 – 2003             :The Assistant Under-Secretary for the International Economic Affairs – Ministry of  
                                   Economy & Trade. He represented the UAE in his capacity as the head of UAE  
                                   Delegation to the meetings of the International Trade Organization in Geneva.
1995 – 1999             :The Director General of Al Hamriyah Free Zone, Sharjah.
1992 – 1995             :The Investment Director at the General Directorate of the Gulf Cooperation 
                                   Country Council GCC, Riyadh- Kingdom of the Saudi Arabia.
1982 – 1992             :Occupied different positions in the banking and financial industry, as 
                                       - The Regional Manager of the Gulf Islamic Investment Company
                                       - Branch Manager of National Bank of Abu-Dhabi
                                       - Department Manager, Citi Bank.

Academic Experience :
- Bachelor degree in Business Administration & Political Science, Emirates University , 1982.
- The International Diploma in Banks, USA.
- Attendance and participation in specialized training courses in economy, investment, banks and management, Besides, Representing the UAE as a delegation head in the international conferences and events related to the field of economy and capital markets.